Coronavirus: 7 steps to build a business continuity plan for your company
Coronavirus has prompted companies to think about business continuity. Here's how to write a business continuity plan.
Cloud-based ERP software refers to enterprise resource planning tools and applications that users can access via the internet. You can manage every area of your operations from anywhere, unlike desktop ERP.
Rather than storing data in the cloud, on-premise ERP software stores information within a company’s internal server infrastructure.
While this type of ERP system provides companies with more customisable options, they tend to be more expensive than cloud-based ERP systems. They need to be updated and serviced to stay current. It also takes longer to implement an enterprise resource plan using on-premise software than cloud-based ERP software.
Relatively new and small businesses without clear business procedures and sophisticated IT are likely to find on-premise ERP software cumbersome, complicated and expensive.
The only real advantage of on-premise ERP software is that it can be customised, which may provide greater return on investment (ROI) for larger businesses with complex needs.
The size and type of a business typically dictates whether cloud-based ERP or on-premise ERP is the right choice. For example, a relatively new small business that doesn't have many well-defined business processes or sophisticated IT, can implement a cloud ERP solution quickly and easily. An older, larger business however, may need a customisable solution that takes longer to implement.
These days, businesses of all sizes across a spectrum of industry sectors, are using cloud software to manage almost every area of their business.
CIO, in conjunction with Sage, carried out a survey of a hundred CIOs and senior IT decision-makers to find out about their cloud usage and views on cloud-based business software.
We also engaged the best advice from the ones who have been using enterprise cloud applications for several years. We discovered that 71% of our respondents are using business-critical cloud applications with most of them praising it for its efficiencies and ROI. 90% of the respondents say they have had a return on investment from cloud implementation.
54% of the respondents who use business-critical cloud applications such as ERP, say that they invested in them less than two years ago. A significant 46% of respondents have been operating business cloud apps for more than two years and a tenth of them for more than five years, indicating a reasonably high level of maturity among organisations.
Create efficient processes across teams, offices and geographical locations, using a shared database that supports the way your business works.
Gain unparalleled insight into all areas of the business, including inventory and order management, accounting, human resources and customer relationship management (CRM). Access the cloud to bring together real-time information on the company’s inventory and finances, for faster, more informed decision-making.
Adopt a faster, simpler, more flexible business management solution. Expect to increase productivity, save money on overheads and find more customers.
Sage Business Cloud X3 helps you gain oversight into all aspects of your business.
Learn more about:
Coronavirus has prompted companies to think about business continuity. Here's how to write a business continuity plan.
The phrase ‘digital transformation’ is a perfect example of how the technology sector likes broad-stroke concepts to explain the revolutionary. It’s also an example of how a message can get lost in translation. Despite being around for several years, the concept still causes confusion and anxiety. The only certainty it projects is that digital transformation […]
A plan for business continuity is just as important as your plan for driving revenue, and cloud connectivity can resolve both. Here's how.
Governments have initiated several relief measures to support small and medium businesses impacted by the effects of the coronavirus, but the reality is that many are still struggling to manage cash flow in these trying times. Given that context, businesses need to adjust their operation for a prolonged economic downturn and severe disruption to business […]
The world of work as we know it has changed. With new technology making it easier to work anywhere, anytime, the traditional 9 to 5 workday is now effectively dead. Flexibility in their work schedules is a key priority for today’s employees, helping them successfully juggle work and personal responsibilities. In fact, according to a […]
Contingency planning has become a significant consideration across businesses worldwide to avoid facing economic recession or challenges. There will be times when you’ll have a drop in both your number of customers and revenue. While it may keep managers awake at night, there is much that businesses can do now to prepare for operational resilience. […]
As the coronavirus (COVID-19) outbreak develops, the government is encouraging people to embark in social distancing and recommending they work from home. But what does that mean for your business? In this article, we look at the steps you can take to help your employees work remotely in order to ensure your business can keep […]